Question

1. Explain what 100/300/50 means for auto insurance? What is the minimum amount required for the state or country that you currently reside in? Do you think it’s enough coverage for the vehicle you drive?

Answer 1

100/300/50 coverage means that you have coverage of $100,000 bodily injury liability insurance per person, $300,000 total bodily injury liability insurance per accident, and $50,000 property damage liability per accident.

There is no minimum car insurance requirement for the State of New Hampshire, however, state law doesrequire you to pay for any bodily injury or property damage arising from your operation of a vehicle that you own.

The amount of Liability coverage you carry should be high enough to protect your assets in the event of an accident. Most experts recommend a limit of at least $100,000/$300,000, but that may not be enough. This is no place for cheap auto insurance. ... Collision –Covers the cost of damage to your own car in an accident.